Vipshop Holdings Limited (NYSE:VIPS) Given Consensus Recommendation of “Hold” by Brokerages

Vipshop Holdings Limited (NYSE:VIPS) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $17.75.

A number of equities research analysts recently commented on VIPS shares. Citigroup lowered their price objective on shares of Vipshop from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. UBS Group lowered shares of Vipshop from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $12.50 in a research report on Wednesday, August 21st. CLSA downgraded Vipshop from an “outperform” rating to a “hold” rating and cut their price objective for the stock from $15.80 to $12.00 in a research report on Wednesday, August 21st. Morgan Stanley lowered their target price on Vipshop from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 20th. Finally, StockNews.com raised Vipshop from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th.

Institutional Investors Weigh In On Vipshop

Several hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new position in Vipshop during the fourth quarter worth approximately $70,333,000. Krane Funds Advisors LLC grew its stake in shares of Vipshop by 20.3% during the 2nd quarter. Krane Funds Advisors LLC now owns 15,737,381 shares of the technology company’s stock valued at $204,901,000 after buying an additional 2,659,117 shares during the period. FIL Ltd increased its holdings in shares of Vipshop by 31.2% during the 4th quarter. FIL Ltd now owns 10,911,703 shares of the technology company’s stock worth $193,792,000 after buying an additional 2,593,670 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Vipshop by 28.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 10,394,122 shares of the technology company’s stock worth $184,600,000 after buying an additional 2,273,198 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in Vipshop by 155.0% in the second quarter. Hsbc Holdings PLC now owns 3,483,943 shares of the technology company’s stock valued at $45,347,000 after acquiring an additional 2,117,902 shares during the last quarter. Institutional investors and hedge funds own 48.82% of the company’s stock.

Vipshop Price Performance

Shares of NYSE:VIPS opened at $12.85 on Friday. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 5.97 and a beta of 0.33. The business’s 50 day simple moving average is $13.22 and its 200-day simple moving average is $15.01. Vipshop has a 12 month low of $11.50 and a 12 month high of $20.19.

Vipshop (NYSE:VIPS) last issued its quarterly earnings data on Tuesday, August 20th. The technology company reported $3.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $3.43. Vipshop had a return on equity of 22.51% and a net margin of 7.52%. The firm had revenue of $25.08 billion during the quarter, compared to analysts’ expectations of $26.61 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. Vipshop’s revenue was down 4.1% on a year-over-year basis. On average, equities analysts anticipate that Vipshop will post 2 earnings per share for the current year.

Vipshop Company Profile

Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.